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I rarely use indicators, but I’d like to show ONLY the trio of EMAs to illustrate how Rivian, over its lifetime, has stabilized and is moving into what I think is a powerful uptrend. Here are three charts showing this, closer and closer:
Precious metals had a terrific day, led by silver, which blasted to never-before-seen highs (nominally speaking).
I’ve written many times about palladium, specifically the PALL fund, which I am long. At this point, the big test is whether it can push past the line just beneath $130.
Not to get all bullish on you, but I continue to like Rivian (RIVN), and I’ve tightened up my stop to 13.90:
